ASML : Q3 24 preview: Buy side much more cautious than sell side, possibly even a little too much for 2025
>Outperform rating and € 1,150 target maintained, the stock is undervalued after its poor showing in the summer - ASML is due to report its Q3 24 results on 16 October before trading. Looking beyond its results which we expect to be largely unsurprising, the key points in the release will be 1/ order levels and 2/ initial indications on 2025 (to be detailed at the CMD on 14 November). On these two points, we note that the buy side consensus is much more cautious than ...ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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